Over one in five (22%) of UK stock market investors admit they never review their fund investments to check on performance, according to new research conducted by Prudential.
Over two-thirds (65%) of UK adults rely on internet searches or newspaper articles when selecting where to place their savings, instead of seeking the help of a professional adviser in their financial planning, according to Prudential’s Retirement Savings Business Director, Trevor Cheal.
It is staggering how few are seeking financial advice, Cheal said.
Those who invest in the stock market have taken the first step towards benefiting from the long-term growth of the economy, but they stand a greater chance of maximising its value if they re-evaluate their savings regularly.
One-fifth (20%) of those surveyed said they would review their investment only once a year, while more than half of those surveyed (53%) said they check on their investment funds only once every six months.
